These 10 Stocks Led Rally on Wednesday

5. VNET Group Inc. (NASDAQ:VNET)

VNET Group grew its share prices by 13.44 percent on Wednesday to close at $11.31 apiece as investors repositioned their portfolios amid the company’s heavy expansion on Artificial Intelligence.

In its last earnings call, VNET Group announced higher capital spending this year on the back of robust demand for its wholesale services. It underscored that it would work closely with its strategic suppliers and maximize the synergies in order to ensure that its capital spending would grow at a steady pace.

At the same call, the company expects to deliver approximately 191 megawatts (MW) of IT capacity until the first quarter of 2025, as well as some 105 MW in the second and third quarters of 2025.